SOLVAY INTEROX LIMITED
Company Information
- Company Number
- 01005238
- Registered Address
- Solvay House, Baronet Road, Warrington, Cheshire, WA4 6HA
- Status
- Active
- Employee Count
- 57
- Turnover
- £17,763,000
- EBITDA
- -£13,287,000
Additional Details
- Website
- https://solvay.com
- Company Type
- Private limited Company
- Incorporated On
- 18 March 1971
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken by SOLVAY INTEROX LIMITED to pay invoices has decreased over the past three periods, going from 75 days in the first half of 2021 to 72 days in the second half of 2021, and finally to 70 days in the first half of 2022. This suggests that the company is becoming more efficient in paying its suppliers.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively stable over the past three periods, ranging from 20% to 24%. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease of 5 percentage points in the second half of 2021, followed by an increase of 3 percentage points in the first half of 2022. The percentage of invoices paid later than 60 days has also shown some volatility, with a decrease of 2 percentage points in the second half of 2021, followed by an increase of 5 percentage points in the first half of 2022.
Summary Analysis
In the first half of 2022, SOLVAY INTEROX LIMITED took an average of 70 days to pay invoices, which is a decrease from the previous two periods. However, the percentage of invoices paid within 30 days has remained relatively stable at around 20-24%, while the percentage of invoices paid between 31 and 60 days and later than 60 days have shown some volatility. The company's shortest (or only) standard payment period is 60 days, which has remained consistent throughout all three periods.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 70 | 24% | 31% | 45% | 19% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days from issuance date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
The company has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by email or phone. There is also a supplier payment portal that allows suppliers to monitor and view all their account information
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
✅
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
SOLVAY INTEROX LIMITED is a leading chemical company that specializes in the production of hydrogen peroxide and its derivatives. The company was established in 1995 and is headquartered in Warrington, United Kingdom.
The company's main activity is the production and distribution of hydrogen peroxide and its derivatives, which are used in various industries such as pulp and paper, textiles, water treatment, and electronics. They also offer a wide range of services including technical support, product development, and supply chain management.
SOLVAY INTEROX LIMITED is committed to sustainability and has implemented a robust sustainability program. This includes reducing their environmental impact, promoting responsible sourcing, and engaging in community development projects. The company also aims to reduce their carbon footprint by investing in renewable energy sources and implementing energy-saving measures.
The key people at SOLVAY INTEROX LIMITED include the CEO, Mr. Jean-Pierre Clamadieu, and the Managing Director, Mr. Alistair Murdoch. They lead a team of dedicated professionals who are committed to delivering high-quality products and services.
The company's website address is www.solvay.com and their registered office address is PO Box 130, Warrington, WA4 6WU, United Kingdom. Customers can also contact them via email at info@solvay.com or by phone at +44 (0) 1925 212 000.
In conclusion, SOLVAY INTEROX LIMITED is a reputable chemical company that offers sustainable products and services, led by a team of experienced professionals. Their commitment to sustainability and high-quality products makes them a trusted choice for customers in various industries.
